Price of gold, silver today | The price of gold is rising, a few inches above the 45,000 rupee mark; money down almost Rs 250


Gold and silver prices today

New Delhi: Gold prices rose today in India as the US dollar and Treasury yields eased, while President Joe Biden’s more than $ 2 trillion employment plan supported the attraction of the yellow metal as a hedge against inflation. However, the prices of silver have fallen today. On MCX, Gold May futures rose 0.23% to trade at Rs 45,040 per 10 grams at 10:55 am, while Silver May futures on MCX traded 0.29% of less at Rs 63,630 per kg.

The US president on Wednesday called for massive use of government power to rebuild the infrastructure of the world’s largest economy and to counter China’s rise to power in a more than $ 2 trillion proposal.

Spot gold fell 0.16% to $ 1,713.20 an ounce, after hitting its lowest level since March 8 at $ 1,677.61 on Wednesday. Yesterday, spot gold closed up 1.3%, the biggest increase in three weeks. Spot silver lost 0.94% to $ 24.310 an ounce.

Gold rallied overnight on quarter-end portfolio rebalancing flows, helped by a weaker US dollar and no fireworks in the US bond market after President Biden released the first details of the infrastructure package, “said Reuters news agency quoting Jeffrey Halley, senior market analyst at OANDA. saying.

The dollar index fell after hitting a five-month high on Wednesday, making gold cheaper for holders of other currencies.

In India, spot market prices for the yellow metal fell from Rs 49 to Rs 43,925 per 10 grams in the nation’s capital on Wednesday, reflecting overnight sales at global precious metal prices. Silver also recorded a drop from Rs 331 to Rs 62,441 per kg.

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